DICK'S Sporting Goods, Inc. $DKS Shares Sold by Caitlin John LLC

Key Points

• Caitlin John LLC reduced its stake in DICK'S Sporting Goods by 57%, selling 6,713 shares and now holds 5,066 shares valued at $1,021,000.
• DICK'S Sporting Goods reported earnings of $3.37 per share for the quarter, matching analysts' expectations, with a total revenue of $3.16 billion.
• Recently, DICK'S declared a quarterly dividend of $1.2125 per share, representing an annualized yield of 2.1% with a payout ratio of 34.69%.

Caitlin John LLC lessened its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 57.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,066 shares of the sporting goods retailer's stock after selling 6,713 shares during the period. DICK'S Sporting Goods makes up approximately 1.0% of Caitlin John LLC's investment portfolio, making the stock its 20th largest position. Caitlin John LLC's holdings in DICK'S Sporting Goods were worth $1,021,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Park Square Financial Group LLC acquired a new position in shares of DICK'S Sporting Goods during the fourth quarter worth $27,000. Ancora Advisors LLC bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth about $28,000. Private Trust Co. NA raised its holdings in shares of DICK'S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after acquiring an additional 66 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of DICK'S Sporting Goods by 1,435.7% in the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after acquiring an additional 201 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of DICK'S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after buying an additional 72 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $203.50, for a total value of $208,791.00. Following the completion of the sale, the executive vice president directly owned 18,139 shares in the company, valued at $3,691,286.50. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Eddy bought 1,280 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average price of $194.99 per share, with a total value of $249,587.20. Following the completion of the transaction, the director directly owned 6,048 shares of the company's stock, valued at $1,179,299.52. This trade represents a 26.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 69,200 shares of company stock valued at $14,462,923 over the last quarter. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock traded up $0.3750 during mid-day trading on Monday, hitting $228.0050. The stock had a trading volume of 1,896,503 shares, compared to its average volume of 1,181,576. The firm has a market capitalization of $18.25 billion, a P/E ratio of 16.31, a P/E/G ratio of 3.25 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The firm's 50 day moving average is $208.22 and its 200 day moving average is $200.77.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The firm had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. On average, sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DKS. Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Wells Fargo & Company increased their target price on DICK'S Sporting Goods from $187.00 to $215.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. UBS Group lowered their target price on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Bank of America lowered their price objective on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $225.00.

DICK'S Sporting Goods Company Profile

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.